GPM Growth Investors Inc. Sells 1,250 Shares of Canadian Pacific Kansas City Limited $CP

GPM Growth Investors Inc. lessened its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,875 shares of the transportation company’s stock after selling 1,250 shares during the quarter. Canadian Pacific Kansas City makes up about 1.1% of GPM Growth Investors Inc.’s holdings, making the stock its 29th largest position. GPM Growth Investors Inc.’s holdings in Canadian Pacific Kansas City were worth $2,844,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in shares of Canadian Pacific Kansas City by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,065,476 shares of the transportation company’s stock worth $74,807,000 after buying an additional 31,508 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of Canadian Pacific Kansas City by 70.0% during the 1st quarter. Concurrent Investment Advisors LLC now owns 5,990 shares of the transportation company’s stock worth $421,000 after buying an additional 2,467 shares in the last quarter. Vanderbilt University lifted its position in shares of Canadian Pacific Kansas City by 10.3% during the 2nd quarter. Vanderbilt University now owns 75,452 shares of the transportation company’s stock worth $5,982,000 after buying an additional 7,050 shares in the last quarter. Ninety One North America Inc. lifted its position in shares of Canadian Pacific Kansas City by 135.7% during the 2nd quarter. Ninety One North America Inc. now owns 206,785 shares of the transportation company’s stock worth $16,394,000 after buying an additional 119,052 shares in the last quarter. Finally, TD Asset Management Inc lifted its position in shares of Canadian Pacific Kansas City by 0.7% during the 2nd quarter. TD Asset Management Inc now owns 21,002,374 shares of the transportation company’s stock worth $1,665,106,000 after buying an additional 136,970 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

CP has been the topic of several recent analyst reports. National Bankshares reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, October 8th. Citigroup lowered their price target on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Wall Street Zen cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus target price of $91.38.

Canadian Pacific Kansas City Stock Down 1.4%

CP opened at $74.42 on Tuesday. The company has a fifty day moving average price of $75.59 and a 200-day moving average price of $76.96. The firm has a market capitalization of $67.49 billion, a P/E ratio of 23.18, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.93 and a quick ratio of 0.81. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 earnings per share. Equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Friday, September 26th were given a dividend of $0.1651 per share. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, September 26th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.56%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.